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Global insurance industry to see “slightly increased” growth by 2018, P&C premium volume to grow by 4% on average: Munich Re
April 20, 2017 by Canadian UnderwriterThe global insurance industry is likely to see slightly increased growth by 2018, Munich Re reported on Thursday. Munich Re said in a press release that better economic prospects in the United States and in many emerging markets will offset…
Sponsors completed one cat bond of about $600 million with coverage for Canada in Q1: PCS
April 12, 2017 by Canadian UnderwriterSponsors completed one catastrophe bond with coverage for Canada in the first quarter of 2017 (Galilei Re), according to Property Claim Services’ (PCS) first-quarter cat bond report released on Wednesday. As it was a large transaction, capital raised by cat…
Half of all phishing attacks in 2016 aimed at stealing money: Kaspersky analysis
February 22, 2017 by Canadian UnderwriterAlmost half of all phishing attacks registered in 2016 by Kaspersky Lab were aimed at stealing victims’ money, the cybersecurity company reported on Wednesday. According to the Financial Cyberthreats in 2016 report, 47.48% of all phishing attacks – fraudulent email…
Paris climate change agreement passes key threshold
September 21, 2016 Michael Astor - THE ASSOCIATED PRESSThirty-one countries formally joined the Paris climate change pact Wednesday, bringing the total number of countries ratifying the treaty to 60 and raising hopes that it will enter into effect by the end of the year. The number is higher…